For Australians looking to finance their next car, boat, motorcycle, or caravan, the Fair Go Car Loan offers a flexible and convenient solution. With competitive rates, a simple online application process, and the ability to use the loan for various types of vehicles, Fair Go ensures that you’re in the driver’s seat when it comes to your financing needs. 

This review covers everything you need to know about the Fair Go Car Loan, from the application process to customer support.

Quick & Easy Online Process

Applying for a Fair Go Car Loan is straightforward and can be completed entirely online. The application form takes just six minutes to fill out, making it one of the quickest ways to get started on your vehicle financing journey. Once the form is submitted, potential borrowers can receive a decision rapidly, often within the same day. 

The process is designed to be as user-friendly as possible, with clear instructions and minimal paperwork. If approved, you can accept the offer by signing online with a secure SMS code, ensuring your funds are available quickly and efficiently.

Reputable & Trusted Lender

Fair Go is one of Australia’s largest non-bank lenders, known for using advanced financial and technological intelligence to provide flexible and fast loan options. Their reputation is built on trust and reliability, serving numerous customers across the country. 

Fair Go’s commitment to ethical lending practices and transparent policies makes them a trusted choice for many Australians seeking vehicle financing. By prioritizing customer satisfaction and financial stability, Fair Go has become a respected name in the lending industry.

Low Rates & Fees

Fair Go Car Loans offer competitive interest rates, starting from 15.95% p.a. and ranging up to 27.99% p.a., depending on the applicant’s credit profile. The comparison rates vary between 26.99% p.a. to 36.32% p.a., providing a clear picture of the total cost of the loan. 

Although there is a one-time application fee of $550, the absence of ongoing fees makes the loan more affordable in the long run. Additionally, there are no penalties for early repayment, allowing borrowers to pay off their loans faster without incurring extra costs.

Loan Types

Fair Go provides flexible loan amounts ranging from $5,000 to $24,000, with terms between 2 to 5 years. The loans can be used to finance a variety of vehicles, including new and used cars, motorcycles, boats, jet skis, trailers, and caravans. This flexibility allows borrowers to use their loan according to their specific needs, whether it’s purchasing a new vehicle or refinancing an existing one.

Eligibility Criteria

To qualify for a Fair Go Car Loan, applicants must meet the following criteria:

Be at least 18 years old.
Have a good credit history.
Provide proof of regular income.

Be an Australian resident or have a valid visa.
Meeting these criteria ensures a smooth and efficient approval process, allowing borrowers to secure their financing quickly.

Customer Service and Support

Fair Go prides itself on offering personalized support to all its customers. Whether you have questions about the loan process or need assistance with your application, Fair Go’s support team is available to help. 

Customers can reach out via phone, email, or through their online portal, ensuring that assistance is always within reach. The lender’s commitment to excellent customer service ensures that borrowers have a positive experience from start to finish.

Application Process

The application process for a Fair Go Car Loan is designed to be simple and hassle-free:

Online Application: Complete the secure online application form in just six minutes.
Approval: Receive a quick decision on your application. If approved, you’ll receive an offer.

Accept Offer: Accept the loan offer by signing online with a secure SMS code.
Receive Funds: Funds are transferred quickly, allowing you to proceed with your vehicle purchase or refinancing.

This efficient process ensures that borrowers can access their funds without unnecessary delays, making it easier to move forward with their plans.

FAQ

What can a vehicle loan be used for?

A vehicle loan can be used to purchase a car, motorcycle, boat, jet ski, trailer, or caravan.

Can you use a vehicle loan for both new and used vehicles?

Yes, Fair Go Car Loans can be used to finance both new and used vehicles.

What are the benefits of choosing Fair Go for your car loan?

Fair Go offers competitive rates, flexible terms, and a quick online application process. Additionally, there are no ongoing fees and no penalties for early repayment.

Is it possible to get a car loan with bad credit?

Fair Go assesses each application individually, considering various factors beyond just credit scores. It is possible to get a car loan with a less-than-perfect credit history.

Do you need car insurance to get a car loan?

While having car insurance is recommended for vehicle protection, it is not a mandatory requirement to apply for a Fair Go Car Loan.

Are there any hidden fees with vehicle financing?

Fair Go is transparent about all fees associated with their car loans. Applicants are informed of any applicable fees upfront, ensuring no surprises later on.

In conclusion, the Fair Go Car Loan is a robust and flexible option for Australians seeking to finance their next vehicle. With competitive rates, a quick and easy application process, and comprehensive customer support, Fair Go ensures that borrowers can navigate their vehicle financing with ease and confidence. Whether purchasing a new or used vehicle, Fair Go provides the tools and support needed to make the financing process as smooth as possible.